Key Highlights

• Bitcoin remains range-bound with significant price actions expected post the $23.6B options expiry.
• Gold outperforms Bitcoin, setting consecutive all-time highs as Bitcoin struggles below $90K.
• Outflows from Bitcoin and Ethereum ETFs signal a cautious stance from institutional investors during the holiday season.
• Significant movements of Bitcoin linked to the Mt. Gox hack and large inflows and outflows in major exchanges and wallets noted.

Market Sentiment

• Trend: Sideways, with a bearish undertone as Bitcoin struggles to break the $90K barrier.
• Bearish Pressure: Heightened due to ETF outflows and gold's strong performance.
• Bullish Counter: Potential for a rebound remains if Bitcoin can consolidate post-options expiry.

Bitcoin Forecast

Analysts predict a potential breakout from the current price range, especially after the record options expiry. However, the market could see continued consolidation into 2026. The long-term outlook remains bullish with predictions of Bitcoin reaching as high as $180K.

Key Events to Watch

• Immediate aftermath of the $23.6B Bitcoin options expiry.
• Regulatory developments, especially concerning the U.S. CLARITY Act and crypto reserve plans.
• Global economic indicators, including jobless claims and inflation data, which could influence investor sentiment.

Trading Insights

Traders should watch for increased volatility post-options expiry and consider the broader economic indicators. Diversification into altcoins might be risky as Bitcoin is expected to regain dominance. Keeping an eye on institutional movements and ETF flows will provide further clues.

Top 3 Impact Stories

• Gold's significant rally compared to Bitcoin's underperformance highlights a shift in safe-haven preferences.
• Institutional retreat from Bitcoin and Ethereum ETFs suggests a broader sentiment of risk aversion in the crypto space.
• Significant Bitcoin movements linked to historical events like the Mt. Gox hack continue to add uncertainty to the market.

Main Conclusion

While Bitcoin remains under pressure, the upcoming events and macroeconomic factors could define its trajectory in the short to medium term. Traders should maintain caution but be prepared for potential opportunities arising from market consolidations and regulatory developments.